The Economic and Financial Crimes Commission (EFCC) has arrested a serving military personnel, Lance Corporal Ajayi Kayode and 26 others.
They were nabbed for alleged internet fraud in the Lekki axis of Lagos State.
Dele Oyewale, EFCC spokesman, made the announcement in a statement on Monday.
Kayode, with service number NAF18/34732, was arrested in his military attire during an early morning raid at 6B, Fatai Idowu Arobike, Lekki Phase 1, Lagos.
EFCC said the intelligence was received from concerned members of the public about his alleged involvement in criminal activities.
Kayode was quoted as saying the “big shot yahoo yahoo boys” in whose company he was arrested, were his friends.
He revealed that they had been teaching him how to make money through cybercrime.
They are members of Organised Cyber Criminal Syndicate Network (OCCSN).
EFCC said the ladies arrested with them confirmed the involvement of their “boyfriends” in internet fraud.
Diamond jewelry, exotic cars and phones were recovered from them.
The statement added that the suspects will be charged to court soon.